Xpeng steps up ‘go global’ drive with Malaysian EV assembly hub for Southeast Asian market

Chinese electric vehicle (EV) maker Xpeng plans to establish a production base in Malaysia targeting Southeast Asian customers, in its latest move to expand overseas to improve profitability. The Guangzhou-based company, 5 per cent owned by Volkswagen Group, said on Monday that it would partner with Malaysian firm EP Manufacturing Berhad (EPMB), an investment conglomerate focusing on automotive manufacturing and engineering, to locally assemble its intelligent electric cars tailored to the needs...